Investing on below market price real estate?

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Investing on below market price real estate?

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Answer #1 | 22/12 2013 15:24

No. It costs money to close on a house when you buy it. It costs money to close on a house when you sell it. If you sell it at a profit you have to pay tax on the money you made.
A total waste of time.

Answer #2 | 22/12 2013 15:35

If you buy at $450K, you have just established that the market is at $450K.

Answer #3 | 22/12 2013 16:07

theoretically, yes. but practically speaking it's rare for someone to sell their house so far below the market price.

Answer #4 | 22/12 2013 17:14

If that were possible, then why would the current owner not sell the house for $500K? Someone who can afford a nice house is not as stupid as you seem to think.